Siemens Chief Faces Heat On Price For Equipment Maker

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

(FROM THE WALL STREET JOURNAL 1/26/15) By Christopher Alessi At Siemens AG's annual general meeting in Munich on Tuesday, shareholders likely will grill Chief Executive Joe Kaeser over the price he agreed in September to pay for U.S. oil equipment ...

Syriza's Challenge: an Empty Treasury

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

The clock is ticking for Syriza--the victorious antiausterity party in Greece's elections--to strike a deal with creditors to keep Greece solvent and in the euro. It wasn't clear yet late Sunday whether the left-wing party had won more than half ...

Leftists Sweep to Power in Greece -- 5th Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Charles Forelle, Nektaria Stamouli and Alkman Granitsas ATHENS--Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of ...

AXIS Capital and PartnerRe to Merge

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Enda Curran Axis Capital Holdings Ltd. and PartnerRe Ltd. said Sunday they have agreed to merge and form one of the world's biggest reinsurance and specialist insurance companies, a firm with a combined market value of $11 billion. The ...

Bundesbank's Weidmann Didn't Back ECB Program

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

FRANKFURT--German central bank President Jens Weidmann didn't vote in favor of the European Central Bank's large-scale bond-buying program, according to excerpts of a newspaper interview to be published Sunday. The ECB's governing council, of which Mr. Weidmann is a member, ...

Sika Says Controlling Family Can't Call EGM

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By John Revill ZURICH-- Sika AG claimed Monday that the Swiss chemicals company's controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc ($3.13 billion) takeover battle ...

Sika Says Controlling Family Can't Call EGM -- Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By John Revill ZURICH-- Sika AG claimed Monday that the Swiss chemicals company's controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc ($3.13 billion) takeover battle ...

German Business Confidence Exceeds Expectations

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Todd Buell FRANKFURT--Business confidence in Germany rose again to kick off the New Year, a widely watched survey showed Monday. The Ifo Institute's monthly indicator of business confidence increased to 106.7 in January from 105.5 in December, exceeding the ...

Markets Take Greek Result in Stride -- Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Tommy Stubbington European markets shrugged off a victory for antiausterity party Syriza in Sunday's Greek election, with a dip in the euro proving fleeting, and Greek stocks bouncing back from an early slump. Athens' main stock index slumped by ...

Obama, Modi Say Progress Made on Range of Issues

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

NEW DELHI--President Barack Obama and Indian Prime Minister Narendra Modi said they made tangible progress on a range of issues with movement on civil nuclear tradedefense cooperation and climate change. With pageantry on full display, Mr. Obama was scheduled to ...

U.S. Futures, Asian Stocks Fall After Greek Election

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

The euro fell, touching the lowest level against the U.S. dollar and Japanese yen in more than a decade, while Asian stocks and U.S. futures tumbled after Greece's antiausterity Syriza party was projected to win the country's national elections, fueling ...

ECB's Visco Defends QE Program

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

FRANKFURT--European Central Bank governing council member Ignazio Visco has defended the bank's stimulus program, arguing that the eurozone could fall into deflation. In an interview with the Handelsblatt newspaper he noted that prices are rising at a slower rate than ...

U.S. Crude Tests New Lows As Greek Elections Weaken Euro

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Eric Yep Crude-oil futures fell in Asian trade Monday with the U.S. oil benchmark dropping to its lowest level in more than 5 1/2 years as financial markets reeled in the wake of Greece's elections. Oil traders were cautious ...

Poland Mulls Converting Swiss Franc Loans to Zlotys

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

WARSAW--The Polish government is working on plans to convert Swiss franc mortgage loans owned by Polish borrowers into zlotys to reduce private debt and foreign-currency exposure, passing the cost of the operation onto banks, the prime minister said Monday. The ...

German Business Confidence Exceeds Expectations -- Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Todd Buell FRANKFURT--Business confidence in Germany rose again to kick off the New Year, a widely watched survey showed Monday. The Ifo Institute's monthly indicator of business confidence increased to 106.7 in January from 105.5 in December, exceeding the ...

German Government: Greece Must Keep Reform Promises

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Andrea Thomas BERLIN--Berlin on Monday signaled an uncompromising line toward the next Greek government, insisting Athens must adhere to the terms of the bailouts that the previous government had signed with international creditors, according to comments made by Chancellor ...

Leftists Sweep to Power in Greece -- 5th Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Charles Forelle, Nektaria Stamouli and Alkman Granitsas ATHENS--Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of ...

Syriza's Challenge: an Empty Treasury -- 2nd Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Marcus Walker The clock is ticking for Syriza--the victorious antiausterity party in Greece's elections--to strike a deal with creditors to keep Greece solvent and in the euro. It wasn't clear yet late Sunday whether the left-wing party had won ...